New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-07
THE BURST WHEAT DEAL.
HEAVY LOSsES-A MARRIAGE ENJOlNED-
COMMANDER WILSON'S BODY.
rpy rELEGRAPH TO THE TRIBuNE.I

- Tho snsnens,on of the Call Board Of the
p.os,,oo Exchance on Wednesday before any bust
ness had been transacted pre- rented the announce
,,.rt of the failures winch would inevitably have
followed had this action not been taken. Inc
comoromise on the afternoon of tue Same day by
Dresbach g. ROsenfeld with their credi'ors
slammed the rising tide Of excitement anu ior q
time at least disastrous panic has been aVe'te"'
The outlook, however, Is decidedly "hi"'o''
Everybody is at sea regarding the proper in''ho,
mice of wheat. which will not be established Until
the resumption of business by the Cail Doaiu'
which is expected to open on MONDAY OF iueSu1y'
Maant;ma tine directors of the Exchange are ho'u-
,no ,reouent meetings and adopting new rules car
cuIated 70 afford additional security IN case OF inc
tbreateued crash. That a large quantity OF whe"e
u n; he realized MS soon opportunity Is anorue'
90 certain for money is badly needed by operators
who have been tightly squeezed. Inc pun r'ns Is
.nored TO be trying TO realize on its holdings IN
;vernool and is making desperate attempts 10
EMERGE from the crisis with small loss as possi-
h,e. The best informed people, however, argus
that il cannot escape without placing severai null
IONS OF dollars to the wrong side OF the cash ac-
count. c
The situation is conciseiy stated as follows: Con-
tracts for ,O5O 900 tons of wheat are out at inc
delivery Of which buyers undertake to receive and
est, in four instruments. That means an assumed
responsibility for $3. 500 Wheat is not worth
more than ST. So with small chance OF legitimate
market recovery There Is a loss of $7350OO But
If those O5o 600 tons coatract certain margins
have been deposited and paid up 10
~ Is which the bulls undertake to return
10 cents at and 80 cents on denver
tender That undertaking covers prooaoiy @oZo
600 TO secure which it is proposed to pledge ooo
toms of unencum bered wheat. Margins have from
time to time been exacted from shorts on sales OF
I .O5O 600 up 10 So 10. amounting to at eaSt
S52OOOO Instead of those margins having oeen
deposited to meet possible reverses, they have EVIL
dertIv been used to pay for wheat delivered. and
all depositors now have proffered to them Tor pay
meut IL 10. 600 tons of whest in rapidly falling
market. In other words, after paying for wheat
deliveries at high prices with money belonging TO
,be short interest the only visible margin OF capi-
ol the buls possess with which to meet their obi
uatioos is O 600 TONS worth only 81 80 per GENITAL
This being the case, it is impossible TO see now inc
deal can be resurrected. Indeed. there are strong
indications that the policy of the Clique VIII ne 10
wind Nh its operations and make the best of bad
case. Opening days on Change next week VIII tell
the tale.
An attempt is being made 10 raise fund for
Stiles the dynamiter who was convicted OF at
tanning to blow up street cars during the recent
strike on the Suffer and Geary SITS. line. Men-
beers of the old Carmen's Union have canvassed tho
different car lines in this city. but have taKen pre-
cautions to keep the matter quiet ihey nave hau
difficulty in working on the sympathy OF carmen
as the cowardly attempts which resulted IN muir
ING several innocent people were discountenanced
by the better class of employees The movement de-
serves 70 and will probably be failure.
The building of the Powel-st: cable railway
from the CITY over the hills to North Beac D. the
od-time aristocratic quarter, has already hau u
marked effect. Property overlooking tue SIZE Vi
Meigg's Wharf. famous landmark OF pioneer uays,
which for wears has lain dormant, seiCOm nGurlne
in real estate sales, has advanced In Value iuy 20
pcr cent during the last SIX months. Inc od fook-
cries stained with the rains OF many winters, are
being torn down to make room for more modern
buildings and era OF life is evidently at mana
for this ong-neg ected section OF the CITY,
The murder with big bladed knife by au. in
sane Italian of his cell mate IN the county JAIL on
Tuesday night and the attempt OF Goldensert. the
condemned assassin of little Mamie Kelly 10 OBJ
TAIN his release from his dark cell by opening
vein with case knife on Thursday, led 10 the
dangerous looking bars OF iron. a number OF sung
shots and knives wee found. This III spite OF the
stringent rule IN regard to searching OF prisoners
before confinement
Railroad building is going on at lively rate
both in the northern and southern parts of the
state After thorough inspection OF the Cali
fornia and Oregon road BY Chief Engineer VIII am
Hood Of the Southern Pacific, he says mat WORK Is
going on slowly on account of the rough, rocky re-
zion over which connection with the oregon
and California road Is TO be made IL is
likely that on engineer corps viii he sent out Dy
the Southern Pacific soon to make preliminary ar
rangements for line from some point on Tue
Oregon road not far from the state ilne 10 BAKER
City Oregon; thus opening q new transportation
route 10 rich wheat-produclng region Inc
Southern Pacific Company has party OF survey
ers at work ON the inc OF the pr3poSgo o0,t ;n
tended as an offset to that Of the Atchson in that
part of Southern California
A train load of tea, portion Of the cargo of the
Gaelic. started East on Thursday Inc rate maze
from Yokohoma to New-York on TINS tea WAS 1ic
pound. The Canadian Pacific rates so Tar inns
season have nearly doubled those by the Suez
route The Canadian Pacific Is taking tea ship
meuts at lac per pound. Shipments oy Trans
Pacific Iou; es so far this season have nearly dou-
bied those by the Suez route. the hgures being
$500, 900 and 100000 pounds respectively
The lively town of Woodland. Yolo County, h as
had peculiar sensation the past week Mrs mary
A More A widow age siXty-ninc, with her one-n Az
million becoming weary of her lone condition, dc.
termined to wed James A. Black. the foreman OF
her ranch, q good looking fellow age thirty. ING
license was procured, but before the ceremony couo
be performed the relatives of Mrs Moro, VINO saw
her money about to. slip through ther myers,
served an injunction restraining her rom ms!ry
into They also had Black arrested. accusing han
of stealing the body of the woman" against her
Will Both sides nave en2dgeI anu INC gu
perior Conrt is now wrestling W ssh the case. Mrs.
More is a vIgOrou gray halred woman OF UNUSUAL
force OF character and her friends scout the IDEA Oh
her insanity.
Some one has just discovered that the body o.
Lieutenant-C commander :. L. Wilson, U. - N. why
died eight years ago on the Aslatic Station, Is stu
awaiting burial AT tine time Of death the Dolly
was temporarily deposited IN al Oriental cemetery
some years ago his widow. tneu a residen
of this city and popular IN navs
circles at Vallejo. requested that the bod
be brought home for interment. Abont twe a,v'
was received at Mare Island placed in store-roo
of the Ordnance Department, whore 1t has SINCE re
NAMED uncalled for aud neglected. Ine wnere
aLonts Of Mira Wilson are unknown. All effort
70 discover her WISHES regarding the final disposl
ton of the dust OF her gallant husband have Deer
futile.
John d. Sprcckels is at San Diego neeotiatln
IL. Int nla a